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Consumer goods conglomerate Unilever N.V., owner of such brands as Axe, Dove and Hellmann's, has sold its Snuggles fabric softener brand, as well as the Wisk, Surf and Sunlight laundry detergents, to private equity Vestar Capital Partners in a deal worth $1.45 billion. Also, Canada's second largest cigarette producer, Rothmans Inc., has agreed to be acquired by New York's Philip Morris International Inc. in a $1.9 billion deal.
August 07, 2008 at 12:00 AM
1 minute read
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